(00:00) In 2011, hundreds of thousands of Israelis took to the streets and protested the power of big corporations and income inequality. The corporations dispatched their lobbyists to influence Israel’s Congress (the Knesset). Then the amazing story unfolded. The citizens provided cover for the legislators, the Knesset kicked out the lobbyists and unanimously passed legislation last month to break up the big Israeli conglomerates – including the banks. It is viewed as an economic triumph for free enterprise, increased competition, healthier capital markets, and economic development for the people. Israeli businesses supported the measures.
Listen to the history of how Israel began socialist, went too far socialist, went capitalist, and went too far toward oligopolies and monopolies. Now they have the basis for one of the most progressive and pro-free enterprise economies in the western world. This is one of the best stories in radio. Too bad Big Media decided not to cover it.
Guest: Brian Friedman
Learn more at: Israel Investment Advisors
“The Unforgiven” – Metallica